Despite the weakness on Tuesday to start the week, the index is still overbought.
Tonight’s market direction outlook is shortened as I am spending my time on outlining trades planned for today for members.
Support and Resistance Levels To Be Aware Of:
3250 is resistance
3200 is light support
3100 is light support
3075 is light support
3030 is light support
3000 is support
2960 is light support
2950 was light support
2900 is light support
2860 is light support
2840 is support
2800 is strong support
Stock Market Outlook for Tomorrow – Wed Jan 22 2020
For Wednesday we will continue to see weakness develop and dips are likely as the market works out being heavily overbought.
The morning could see a dip following rather ho-hum earnings from Netflix. However overall the dips remain opportunities to setup trades as the bias is still higher for the market. Wednesday should see a higher close.
Stock Market Outlook Archives
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Morning Investing Strategy Notes for Thu Apr 18 2024
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Stock Market Outlook for Thu Apr 18 2024 – Deeply Oversold – Bounce Attempt Expected
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Morning Investing Strategy Notes for Wed Apr 17 2024
For FullyInformed Members the morning Investing Strategy Notes for Wed Apr 17 2024 discuss the outlook for a potential bounce on Wednesday. There are trade ideas outlined in Las Vegas ....... Read More
Stock Market Outlook for Wed Apr 17 2024 – Another Bounce Attempt
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Morning Investing Strategy Notes for Tue Apr 16 2024
For FullyInformed Members the morning Investing Strategy Notes for Tue Apr 16 2024 discuss the outlook for stocks for Tuesday and the chance of a bounce. There are trade ideas ....... Read More
Stock Market Outlook for Tue Apr 16 2024 – Deeply Oversold
Prior Trading Day Summary: Monday started the day as expected with a massive rally at the open and a push higher especially when retail sales came in stronger than expected. ....... Read More
Morning Investing Strategy Notes for Mon Apr 15 2024
For FullyInformed Members the morning Investing Strategy Notes for Mon Apr 15 2024 discuss the outlook for stocks for Monday as well as the third week as a whole. There ....... Read More
Stock Market Outlook for Mon Apr 15 2024 – Expect A Bounce
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Morning Investing Strategy Notes for Fri Apr 12 2024
For FullyInformed Members the morning Investing Strategy Notes for Fri Apr 12 2024 discuss the CPI numbers released on Thursday and the outlook for stocks for the remainder of the ....... Read More
Stock Market Outlook for Fri Apr 12 2024 – All About Bank Earnings
Prior Trading Day Summary: On Thursday investors got a bit of good news. First the Weekly Initial Unemployment Insurance Claims came in lower than expected at 211,000. If the weekly ....... Read More
Morning Investing Strategy Notes for Thu Apr 11 2024
For FullyInformed Members the morning Investing Strategy Notes for Thu Apr 11 2024 discuss the PPI numbers due out today before markets open. There are trade ideas outlined in Wells ....... Read More
Stock Market Outlook for Thu Apr 11 2024 – Weakness and Lower
Prior Trading Day Summary: On Wednesday the CPI number was higher than estimates. For many analysts it meant that the Fed would probably delay any rate cut longer than expected. ....... Read More
Morning Investing Strategy Notes for Wed Apr 10 2024
For FullyInformed Members the morning Investing Strategy Notes for Wed Apr 10 2024 discuss the CPI numbers due out today at 8:30 and the 2:00 PM FOMC minutes.. There are ....... Read More
Stock Market Outlook for Wed Apr 10 2024 – All About The CPI Numbers
Prior Trading Day Summary: On Tuesday the morning saw stocks plunge but not as deep as on Thursday. That brought in the dip buyers who picked through the stocks and ....... Read More